Notes to the consolidated financial statements - analysis of items in the primary statements
19. Trade and other receivables
| 2010 £m | 2009 £m |
|
|---|---|---|
| Trade receivables | 1,296 | 1,569 |
| Other receivables | 39 | 47 |
| Commodity contract assets | 21 | 41 |
| Prepayments and accrued income | 937 | 1,015 |
| 2,293 | 2,672 |
Trade receivables are non interest-bearing and generally have a 30-90 day term. Due to their short maturities, the fair value of trade and other receivables approximates their book value. Commodity contract assets are recorded at fair value. For further details of commodity risk, refer to note 33. All other receivables are recorded at amortised cost.
Provision for impairment of receivables
| 2010 £m | 2009 £m |
|
|---|---|---|
| At 1 April | 303 | 159 |
| Exchange adjustments | (15) | 72 |
| Charge for the year, net of recoveries | 161 | 206 |
| Uncollectible amounts written off against receivables | (138) | (134) |
| At 31 March | 311 | 303 |
As at 31 March 2010, trade receivables of £248m (2009: £283m) were past due but not impaired. The ageing analysis of these trade receivables is as follows:
| 2010 £m | 2009 £m |
|
|---|---|---|
| Up to 3 months past due | 111 | 160 |
| 3 to 6 months past due | 35 | 45 |
| Over 6 months past due | 102 | 78 |
| 248 | 283 |
For further information on our wholesale and retail credit risk, refer to note 32(c). For further information on our commodity risk, refer to note 33.